International News Archives - Page 83 of 122

China and Iran Seal Oil-for-Infrastructure Deal to Bypass U.S. Sanctions

October 11, 2025 Clark Savage295

In a bold move amid escalating geopolitical tensions, China and Iran have formalized a significant oil-for-infrastructure agreement, effectively sidestepping U.S. sanctions through a barter system that exchanges Iranian crude for Chinese-built projects. This deal not only secures a steady oil supply for Beijing but also bolsters Tehran\’s infrastructure amid ongoing economic pressures from Washington. Details […]

Rig Count Drops as Oil Prices in Free Fall

October 11, 2025 Clark Savage312

The energy sector is facing headwinds as crude oil prices continue their downward spiral, influenced by factors such as U.S. President Donald Trump\’s tariff threats on China, a ceasefire in Gaza, and forecasts of global oversupply. As of October 11, 2025, West Texas Intermediate (WTI) crude oil is trading at $58.90 per barrel, marking a […]

China Vows to Protect Its Firms amid Fresh US Oil Sanctions Barrage

October 11, 2025 Clark Savage290

In a significant escalation of economic pressure on Iran, the United States imposed a new round of sanctions on October 9, 2025, targeting over 50 entities, individuals, and vessels involved in the trade of Iranian oil and liquefied petroleum gas (LPG). This action, described by the U.S. Treasury as dismantling key elements of Iran\’s energy […]

Baytex Considers $3B Eagle Ford Asset Sale

October 10, 2025 Clark Savage306

In a move that could reshape its portfolio and bolster its financial position, Canadian oil producer Baytex Energy Corp. is reportedly exploring the sale of its U.S. Eagle Ford shale assets for up to $3 billion. The news, first reported by Bloomberg on October 9, 2025, sent Baytex shares up about 4% in trading, reflecting […]

China to Build 11 New Oil Storage Sites in 2 Years

October 8, 2025 Clark Savage272

In a strategic move to bolster its energy security amid global market volatility, China is accelerating the construction of 11 new oil storage facilities over the next two years. State-owned oil giants such as Sinopec and CNOOC are leading the effort, aiming to add a combined capacity of approximately 169 million barrels by the end […]

Exxon Considers Return to Iraq: A Potential Re-Entry into the Majnoon Oil Field

October 8, 2025 Clark Savage337

In a significant development for the global energy sector, ExxonMobil is reportedly in advanced talks to re-enter Iraq\’s oil industry after a nearly two-year absence. The U.S. energy giant is eyeing the massive Majnoon oil field in southern Iraq as its primary target for exploration and development. This move could signal renewed confidence in Iraq\’s […]

OPEC+ Has Come Close to Its Limit, Leaving Prices Open to Spike

October 8, 2025 Clark Savage367

In the volatile world of global energy markets, OPEC+—the alliance of oil-producing nations led by Saudi Arabia and Russia—is pushing against its production boundaries. With spare capacity dwindling, the group finds itself in a precarious position where any major disruption could send crude prices soaring. As of October 2025, recent decisions to modestly increase output […]

Low Oil Prices: Saudi Gift to Trump or Ticking Bomb?

October 7, 2025 Clark Savage259

ENB Pub Note: This article from Irina Slav on Oilprice.com is excellent, and we will cover this on our daily standup podcast. OPEC+ has agreed to modest monthly production boosts, keeping oil prices range-bound around $65 per barrel, which benefits consumer countries like the US but creates challenges for producer nations. Saudi Arabia\’s strategy of […]

OPEC+: Reuters Leaks on Oil Plans Again – But can they deliver?

October 4, 2025 Clark Savage251

In the ever-volatile world of global energy markets, OPEC+ finds itself once again in the spotlight following fresh leaks from Reuters about its upcoming production strategy. As oil prices hover around multi-month lows amid economic uncertainties and rising non-OPEC supply, the cartel\’s internal debates have spilled into the public domain, raising questions about its ability […]

Putin: Oil Prices Could Soar Past $100 Without Russian Crude

October 3, 2025 Clark Savage298

In a stark warning amid escalating geopolitical tensions, Russian President Vladimir Putin has cautioned that global oil prices could surge beyond $100 per barrel if Russian crude supplies are cut off from international markets. Speaking on the sidelines of recent discussions, Putin emphasized that the absence of Russia\’s oil would disrupt the global energy system, […]

Category: International News

China and Iran Seal Oil-for-Infrastructure Deal to Bypass U.S. Sanctions

Rig Count Drops as Oil Prices in Free Fall

China Vows to Protect Its Firms amid Fresh US Oil Sanctions Barrage

Baytex Considers $3B Eagle Ford Asset Sale

China to Build 11 New Oil Storage Sites in 2 Years

Exxon Considers Return to Iraq: A Potential Re-Entry into the Majnoon Oil Field

OPEC+ Has Come Close to Its Limit, Leaving Prices Open to Spike

Low Oil Prices: Saudi Gift to Trump or Ticking Bomb?

OPEC+: Reuters Leaks on Oil Plans Again – But can they deliver?

Putin: Oil Prices Could Soar Past $100 Without Russian Crude

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